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Financing › Details

ILC Micro-Chem–SGS: investment, 201703 acquisition of ILC by SGS

 

Period Period 2017-03-09
Organisations Money taker ILC Micro-Chem Inc.
  Group SGS (Group)
  Money source SGS S.A.
  Group SGS (Group)
Products Product analytical services
  Product 2 food analysis (food testing)
     

SGS S.A.. (3/9/17). "Press Release: SGS Acquires ILC Micro-Chem Inc., Canada".

SGS is pleased to announce the acquisition of ILC Micro-Chem Inc. (ILC), Toronto, Canada.

ILC is an independent laboratory providing microbiology and food chemistry testing services. The company is specialized in the analysis of raw food materials, finished food products and environmental swabs for the food manufacturing industry.

Founded in 1985 and privately owned, ILC employs 15 experts and generated 2016 revenues in excess of CAD 1.3 million.

“This acquisition provides SGS with access to the food safety testing market in Ontario,” said Frankie Ng, CEO of SGS. “It is an excellent complement to our portfolio of services across the Agri-Food value chain in Canada.”


For further information, please contact:

Jean-Luc de Buman
Corporate Development,
Communications & IR
SGS SA, 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00
www.sgs.com


About SGS

SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 90,000 employees, SGS operates a network of over 2,000 offices and laboratories around the world.

   
Record changed: 2018-07-30

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